Clear Lake, that is. There are not one but two high rises going on on Clear Lake. The first is next to Clear Lake park on NASA Road 1, the second will be further down the road near the Repsdorph intersection next to the (former) Marker 1 marina.
From:
http://www.wiredin.cc/admin/business/Bussiness%20page.htm
"-----Endeavour Parkside has altered plans for their new $55 million, 34-story condominium tower. The 146 units will now be for sale instead of lease. Units from the $300’s with penthouses $1.5 to $3 million will be available, 750 to 3,000 SF. Construction will begin this December; location is in Pasadena next to Clear Lake Park."
and
Sold! Endeavour Holdings, Inc. and Sun Resorts International, Inc. have purchased the Marker 1 Marina in Seabrook and have renamed it Endeavour Marina. The complex is on six acres, has a full-service indoor marina with dry stack storage for 400 powerboats, two banquet rooms accommodating up to 300 people each and 25,000 SF of office/retail space. It’s homeport to the Spirit of Texas Paddle Wheeler. Redevelopment plans include additional wet slips.
http://www.bizjournals.com/bizspace/houston/local_column/?story_id=1291002
"Endeavour and equity partners plan to start construction in December on a second Clear Lake structure 20 stories tall with 125 units initially for lease and later to be converted into condos for sale."
What I don't understand is where the demand for these places are coming from. There are at least two condominiums on Clear Lake already that cannot find enough people to buy into them. The first is Moon Caye Apartments on FM 2094, the second is on NASA road one, I forget the name, but they are just to the West of the Seabrook beach club on Nasa Road 1. I knew someone living at that condo and they said the management were having troubles keeping it maintained because there were so few occupants. Moon Caye has been looking for tenants for at least three years, if not longer. K and I looked there before we bought our house. We were concerned about them not finding enough tenants there either to keep the maintenance costs down.
So now we have two Endeavour properties going in. If they were just going in and were not going to affect the way the winds blow on Clear Lake I wouldn't mind. Indeed, the first tower probably won't do much since it's on the north west side. The second will probably affect the winds from the east.
Gulf Coast Sailing Center on the south side of Clear Lake next to Moon Caye is for sale. This is one of the last places on Clear Lake that someone can launch small boats, and the only place for multihulls like trimarans. They want $2.5 million. It appraises on the tax roles for $145,000. I'm afraid that if it sells it will be turned into another high rise condo. If that happens, you can say so long, farewell, kiss my hand to sailing on Clear Lake. Is that the fate of small boat sailing here? That the available venues are slowly destroyed by development? That soon the only boats here will be the penis boats? Where will the small boats go? LArger ones can usually handle the bay, but even boats like the Stars don't like that chop. If I were fantastically rich, I'd buy GCSC and turn it into a community sailing center. But, alas, I have no head not to say the pocketbook for such things.
Posted by Bob at September 14, 2006 08:08 AM